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IS Black EA MT4 – profitable grid robot for Gold

Published: 16.12.2022
Reading time: 17 minutes
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is-black-ea

IS Black EA is an MT4 robot for trading Gold (XAUUSD) on M1 or M5. The EA uses a grid of orders, but at the same time has a low drawdown (no more than 2%) - this is what attracted my attention. In addition, one cannot fail to note its high profitability, which is demonstrated by the developer on MyFXBook, where the account growth was 322% in less than a week with a drawdown of 2%. And this “goose that lays golden eggs” is sold for only $380 (but here, as always, you can download it absolutely free).

Сharacteristics of the IS Black EA

  • Platform: Metatrader4
  • EA version: 1.0
  • Currency pairs: Gold (XAUUSD)
  • Trading Time: Around the clock (can be limited in settings)
  • Timeframe: M1-M5
  • Minimum deposit: $1000 (or 1000 USD cents)
  • Recommended broker: Roboforex, XM, FTMO

Trading algorithm

IS Black EA uses a grid of orders and therefore is a potentially dangerous EA with a high risk of losing a deposit. Therefore, initially test it on a demo account within 1-2 weeks.

Real performance verified by MyFxBook

Real (USD)IS Black EA MT4 – profitable grid robot for Gold

Testing

Before you start using this Expert Advisor, you should understand that this is not a long-term tool and you need to constantly "keep your finger on the pulse". The collapse of your account can come the very next day. This is unlikely, but possible. For example, I never managed to get a stable backtest lasting more than six months. This must be taken into account.

Risk=0; 01.2021-04.2021:backtest-is-black-ea-0-4-month21

Risk=0.01; 01.2021-04.2021:backtest-is-black-ea-001-4-month21

To achieve 99.9% of the  modeling quality used TDS 2

As you can see from the test results, I was not able to get a low drawdown of 2%, as shown in the author's monitoring in MyFxBook. Which, of course, suggests the idea of the conscientiousness of the developer and the real performance of the Expert Advisor. In my tests, this parameter reaches more than 77%, which is very dangerous.

Settings

The few input parameters of the EA are simple and you only need to use the preset that comes with the kit.

All settings of the IS Black EA

is-black-ea-settings

  • Risk - risk value. The parameter responsible for the aggressiveness of trading.

Low Risk: 0.005 or less

Standard Risk: 0.01

HighRisk: 0.02 to 0.05

  • StopLossProcent – StopLoss size
  • TakeProfit – TakeProfit size
  • Step – step between order grids
  • StepTrallProfit – trailing stop step size when maintaining a profitable position
  • MaxOrdersInGrid - the maximum number of orders in one grid
  • TimeStart - time of day when the EA opens a trade
  • TimeEnd – the time when the EA ends trading
  • PipsStep - step between orders in the grid
  • Magic - unique EA number

A few recommendations

Of course, in relation to Black EA, all the same recommendations that I give for other advisers will apply - these are:

  • Timely fixation and withdrawal of the profit earned by the adviser in order to prevent the loss of all money in the account.
  • Do not invest money that you are not ready to lose, so that later it will not be excruciatingly painful.
  • Do not use aggressive settings that increase the risk of losing your deposit.
  • Use a reliable broker with a low spread.
  • Insure yourself against possible loss of connection with your trading account by installing an advisor on a VPS.

In the archive IS_Black_EA.rar (254.1 KB):

  • IS Black EA.ex4
  • IS Black M1 SL0.set
  • IS Black EA - Info.pdf

Free Download IS Black EA MT4

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Author:
Daniel
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Comments:
  • Natcha
    Published: 01.01.2023 Reply to the message

    thanks you mr.Daniel

  • Xie Jiaheng
    Published: 28.01.2023 Reply to the message

    Can you do currency other than gold, thank you?

    • Daniel
      Published: 28.01.2023 Reply to the message

      If you don't try, you won't know. I did not try *PARDON*

  • Nathabongsa
    Published: 01.02.2023 Reply to the message

    TakeProfit parameter is set in points/pips or the value of profit in deposit currency?

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